This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $85,533 initial cash invested.
-11.66%
Cash On Cash
4.13%
Cap Rate
0.66
DSCR
$2,264
Rent
-$831
Cashflow
Cash Flow
$2,264 income − $3,095 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,533
Downpayment
20%
$81,460
Closing costs
1%
$4,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$3,095
Mortgage P&I
94%
$2,121
Property Taxes
10%
$236
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0